And we are excited to support their global expansion, as they seek to empower students around the world,” Patterson said of the Series A round. The company has quickly grown into the premier platform, supporting students in Africa. 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Eden. So Edtech Startups in Nigeria is being accepted gradually. Owl Ventures’ new pair of funds gives edtech a $585 million boost, “Everybody sees that Africa is a big opportunity,” Shagaya said. Asides the expansion, Shagaya says uLesson will likely set up a pan-African primary school library, introduce one-on-one tutoring sessions, and a feature on its platform that allows learners to challenge each other on a quiz. Here in this article is an extensive (but not exhaustive) list of the EdTech startups in Nigeria and the different services they offer. The round is led by Owl … US-based Owl Ventures led the financing round. The VC fund is the largest fund focused on the world’s edtech market, with over $1.2 billion in assets under management. “Content efforts and products [will] live or die at the altar of distribution,” Shagaya said. EdTech Startups. uLesson, the African Edtech startup has closed a $7.5mn Series A round led by Owl Ventures, with inclusion from existing investors, TLcom Capital and Founder Collective and participation from new investor LocalGlobe. The startup is already experimenting with live tutoring: it tested a feature that allowed students to ask questions while going through pre-recorded material. The startup got more than 3,000 questions each day, with demand so high they had to pause the test feature. However, the fact that it managed to bring Owl Ventures on board is more impressive. It is noteworthy that uLesson is one of the few edtech startups, if not the only startup in Nigeria that has cumulatively raised eight-figure million-dollar sums. “The ground became wet in a way we didn’t see before,” founder and CEO Sim Shagaya said. A seat on the tech desk! But perhaps one surprise was that Edtech startups didn’t make the top 10 even as the pandemic forced schools to shut down for months and many … The round is led by Owl Ventures, which … ULesson, an edtech startup primarily based in Nigeria that sells digital curriculum to college students by means of SD playing cards, has raised $7.5 million in Series A funding. E-learning startups have been booming in the wake of the coronavirus. Over 5,000 animated video lessons, as well as 30,000 quizzes and tests across junior and senior classes, have gone out in the space of one year. Education is the bedrock of development in any country. Other participants include LocalGlobe and existing investors, including TLcom Capital and Founder Collective. ULesson launched into the market just weeks before the World Health Organization declared the coronavirus a pandemic. This speaks to uLesson’s dominance in the edtech space in just a short while. Also, it now includes the IGCSE curriculum, which is relevant for these markets as well. With more affordable smartphones and the change in attitudes towards online learning accelerated by COVID-19, the foundations are now in place for an education revolution. Jan. 25: New Built in Africa episode – Selar: End-to-end eCommerce platform for Africa’s passion economy. Starting out with $20,000… Location: Fourpoint by Sheraton, V.I. And since society is … With fresh demand, Shagaya sees uLesson evolving into a live, online platform instead of an offline, asynchronous content play. The round is led by Owl Ventures, which … ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding.. Nigerian edtech startup uLesson simply secured $7.5 million in Sequence A funding, TechCrunch studies. Both startups … On March 25, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship. Nigeria is a developing country with a well-established education sector. Our WASDR report shows it as the only West African edtech startup to have raised at least $1 million since 2009. The founder says that the digital infrastructure gains will allow them to “go online entirely by Q2 this year.”, Sim Shagaya’s uLesson African edtech startup raises $3.1M. All rights reserved. The startup, which uses SD cards as a low-bandwidth way to deliver content, saw a wave of smart devices enter homes across Africa as students adapted to remote education. The startups are Young Elites Educational and Training Services and Online Hub Educational Services.. The EdTech is one of such sectors experiencing massive growth, and this is as a result of the many innovative solutions provided by startups. Ulsen, An EdTech startup based in Nigeria, which sells digital courses to students through SD cards, has raised $ 7.5 million in Series A funding.The round is led by Owl Ventures, which closed … Lagos. While it presents sev…, 2021 © Techpremier Media Limited. There is limited government funding for EdTech; nearly all EdTech initiatives are led by NGOs, startups and international organisations. Nigerian educational and learning technology platform, uLesson announced today that it has closed a $7.5m Series A round. But Shagaya doesn’t think any competitors, even Byju’s, have cracked the nut on how to do so in a digital way for African markets. 3 min read ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. The round is led by Owl Ventures, which closed over half a billion in new fund money just months ago. Most businesses that launched amid the pandemic would’ve felt a great deal of distress, but that wasn’t uLesson’s case. Its budgetary allocation to education in 2020 was 6.7% and is … The startup’s biggest difference between now and then isn’t simply the millions it has in the bank, it’s the impact of the coronavirus pandemic on its entire value proposition. A look at EdTech in Nigeria. Online Learning. Of the 805, 383 startups … Interestingly, this started with schools – the age-long establishment meant to prepare students for the society. The round is led by Owl Ventures, which … African edtech startup uLesson lands a $7.5 million Series A ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. Also, in the works, is the imminent launch of its iOS application. News; Opinion; Regions; Authors; Networks; Research; Events; Summit; EdTech 101; Select Page. Listen now! EdTech Market. Combined, those facts could create troves of students who have the cash and are willing to pay for supplementary education. For the Abuja-based startup with offices in Lagos and Jos, the period between March and August saw its paid subscribers multiply by 5; this was at the height of the lockdown in most African countries. Other investors — David Frankel of Founder Collective, Ido Sum of TLcom, and Suzanne Ashman of LocalGlobe — also spoke of Shagaya’s pull as a founder, the size of the Nigerian and African edtech market, and uLesson’s potential to become a juggernaut in the space as reasons for taking part in the Series A round. Founded by serial and high-profile entrepreneur, Sim Shagaya in 2019, uLesson is trying to bridge educational gaps for K-7 to K-12 students across Africa by delivering affordable, high-quality and accessible education using technology. “It opens up the world for us to do all kinds of really amazing things we’ve wanted to do in the world of edtech that you can’t do in a strictly offline sense,” the founder added. Building a startup is generally tough but building it in Nigeria comes … Similar to many edtech startups, uLesson has benefited from the overnight adoption of remote education. There are placement agencies in South Africa and Kenya and offline tutoring marketplaces that send people to student homes, but no clear leader from a digital curriculum perspective. The financing comes a little over a year since uLesson closed its $3.1 million seed round in November 2019. To support each country’s curriculum, uLesson’s production team has had to produce insane numbers. The biggest hurdle ahead for uLesson, and any edtech startup that benefitted from pandemic gains, is distribution and outcomes. ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. Source: Briter Bridges Nigeria … ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. Shagaya acknowledges the advantage presented by the pandemic and says uLesson has every plan to seize the opportunity. This allows the students to study remotely, removing challenges around internet access limitations and costs. The round is led by Owl Ventures, which … “But everybody also sees that you need a local team to execute on this.”. Not a typical tech startup, but it's "a tech-enabled, … It’s led to an influx of tutoring marketplaces and content that promises to serve students. Nigerian edtech startup uLesson simply secured $7.5 million in Sequence A funding, TechCrunch reviews. C ov i d - 1 9 On March 19, 2020, the Nigerian FME closed all schools, … Sim Shagaya is the That said, the managing director of Owl Ventures, Tory Patterson, joins the uLesson board. ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. 2019 © Techpremier Media Limited. We blog on trending edtech tips. Akanne Edtech gives technology in education a branch of educational technology tips for teachers on how to apply technology in teaching and learning. uLesson, a Nigeria-based edutech startup has secured %7.5-million in a Series A funding round led by Owl Ventures and existing investors TLcom Capital and Founder Collective inclusive of a … uLesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. Eden is a concierge service for homes. Four months after securing its seed round, uLesson launched in March 2020. An EdTech startup based in Uganda, founded by Charles Muhindo. Daystar in Nigeria raised $38 million. They can access lessons via streaming or use the SD cards to download and store the content. Tory Patterson, Managing Director of Owl Ventures, joins the uLesson board, further strengthening the education startup… It costs an annual fee of $50, and the app has been downloaded more than 1 million times. Jan. 25: New Built in Africa episode – Selar: End-to-end eCommerce platform for Africa’s passion economy. Having scaled significantly in West Africa, uLesson now sets its sights on the continent’s East and South regions. The trend of content-focused startups adding on a live tutoring layer continues when you look at Chegg, Quizlet, Brainly and others. Edtech in Africa doesn’t have as many companies (or as much VC funding) as leading startup sectors fintech and e-commerce, but there are a number of players. Endlessly amused by technology. Our WASDR report shows it as the … Existing investors, TLcom Capital — the lead investor in uLesson’s $3.1m seed round — and Founder Collective also participated, with LocalGlobe joining as a first-time investor. It is noteworthy that uLesson is one of the few edtech startups, if not the only startup in Nigeria that has cumulatively raised eight-figure million-dollar sums. With schools closed, students stayed home and turned to local and global online platforms for learning. Since then, it quickly scaled to more than a million downloads; however, the number of active users remain private as of now. ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. Sim Shagaya is the Nigerian EdTech Startup ‘uLesson’ Secures $7.5 Million In Series A Fun – BOTWC * Blog for Startups The spherical is led by Owl … The round is led by Owl Ventures, which … uLesson’s content is originally tailored for K-12 students in Nigeria, Ghana, Sierra Leone, Liberia and the Gambia. ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. ... RT @global_edtech: 2020 witnessed a surge in EdTech startups … Gradely wins Edtech Summit Award for the adaptive solution of the year. @ulonnaya. According to TechCabal’s mini-report on Edtech in Africa, 805 edtech startups applied to Injini, Africa’s first edtech incubator for Cohort 2 of its incubation program. Jan 19 Shagaya, the startup’s founder and CEO, tells Techpoint Africa that one reason stems from the numerous emails from families in these regions to make uLesson available. However, he’s careful to note that uLesson will need to approach design and distribution differently when scaling to these regions. On March 3rd, 2020, at the International Conference Centre in Abuja, at the inaugural edition of Edtech Summit Awards, organized … Two Nigerian EdTech startups have been named among the organizations that will receive Google’s Educator Grant. One of the most valuable startups in edtech is Byju’s, which offers online learning services and prepares students for tests. Although long term thinking is also required for most startups being built in Nigeria, it is especially so for edtech startups. With the evolution of technological innovations in Nigeria, a lot of sectors are making their presence known online. Education is big business in Nigeria and digital entrepreneurs want a share of the market Nigeria's broken education system turns to edtech startups uLesson — Quartz Africa Skip to … Its positioning as a supplementary education tool helped it surface 70% month over month growth, said Shagaya. Ayodeji Arikawe, the founder of Thrive Agric also goes the way of agricultural production. TechCrunch - ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding. Five things to help you with #edtech in 2021. At uLesson, we know we have a critical role to play in this ‘new normal’ and this funding will be crucial in our drive to fill the major gaps in Africa’s education system through tech,” said the ex-Konga chief executive. Shagaya thinks the opportunity in African edtech is huge because of two reasons: a young population, and a deep penetration of private school-going students. The two-year-old startup will also seek to acquire talent while building its product development and production infrastructure. ULesson is trying to find the perfect sauce for videos in markets around Africa and embed that into the product. uLesson collates different curricula and a network of tutors for thousands of students. ULesson, an edtech startup based in Nigeria that sells digital curriculum to students through SD cards, has raised $7.5 million in Series A funding.The round is led by Owl Ventures, which closed over half a … It does this by leveraging mobile phones and providing a product pack of SD cards, dongle, and a set of headphones to students. Africa is set to enter a new economic era, as the African Continental Free Trade Area agreement launches today, January 1, 2020. ULesson didn’t share any data on effectiveness and outcomes, but says it’s in the process of conducting a study with the University of Georgia to track mastery. 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